Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.8
Earnings Per Share
 3 Months Ended
Mar. 31, 2014
Earnings Per Share  
Earnings Per Share

8.                                      Basic Earnings Per Share (“EPS”) is calculated by dividing net income attributable to common stockholders by the weighted average number of shares of Common Stock outstanding during the period.  Diluted EPS is calculated by dividing net income attributable to common stockholders by the weighted average number of common shares outstanding, adjusted for potentially dilutive securities including unexercised stock option grants and nonvested shares of restricted stock.

 

A reconciliation of the numerators and denominators of the basic and diluted per share computations follows:

 

 

 

Three months
ended

 

 

 

March 31,

 

 

 

2014

 

2013

 

Numerator:

 

 

 

 

 

Net income

 

$

1,059

 

$

1,020

 

Denominator:

 

 

 

 

 

Weighted average shares (Basic)

 

4,538

 

4,477

 

Dilutive effect of outstanding options and non-vested shares of restricted stock

 

77

 

125

 

 

 

 

 

 

 

Weighted average shares including assumed conversions (Diluted)

 

4,615

 

4,602

 

 

 

 

 

 

 

Basic income per share

 

$

0.23

 

$

0.23

 

Diluted income per share

 

$

0.23

 

$

0.22